Wednesday, December 10, 2014

Yamana Gold Inc said on Wednesday it will place some of its Brazilian assets that have been deemed as non-core into a subsidiary dubbed Brio Gold and that it will explore a potential sale along with other options for the unit in 2015. The Canadian gold miner said it has retained National Bank Financial and CIBC World Markets as financial advisors to assist in the process of evaluating strategic alternatives with respect to Brio Gold.

Yamana Gold Inc. (Yamana) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia. Shares of AUY traded higher by 6.7% or $0.27/share to $4.30. In the past year, the shares have traded as low as $3.45 and as high as $10.72. On average, 12257300 shares of AUY exchange hands on a given day and today's volume is recorded at 16694225.

Yamana Gold Inc. (Yamana) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia. Shares of YRI traded higher by 6.05% or $0.28/share to $4.91. In the past year, the shares have traded as low as $3.93 and as high as $11.86. On average, 3429060 shares of YRI.TO exchange hands on a given day and today's volume is recorded at 5757278.

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